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Mortgage Application - Previous Poor Credit
Hi All, Does anyone know if lenders can tell if you have had poor credit longer than 6 years ago. I had an IVA in Jan 2006 which has long since dropped off my 3 credit files. My credit files are all in ship shape condition now. I have a deposit saved and am off to my bank with my partner on Saturday to apply for a…
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How to calculate repayments?
Hi sorry to sound thick here, but every mortgage calculator I come across calculates monthly repayment as interest calculated daily, I've applied for a mortgage with interest calculated annually, how do I work out the repayment? is it mortgage amount + interest / 12? Thanks in advance
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Bank of Ireland - fixed or Tracker. need a quick answer please
Hi i spoke to Bank of Ireland this morning as my mortgage is up for re newal end of next month i was currently on a 3 years fixed at interest rate 6.02% paying £586 PM the lady informed me i would automaticly go on to their Tracker mortgage at 2.49% now id be paying £377 PM. which is great Just it sounds too good and…
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Mortgage help needed, switching career following divorce...
Hello everyone, I wondered if someone might be help me with a problem I'm facing. I'm 28, a qualified accountant. I'm currently unemployed, through choice as I left my job to work on a house that my wife and I bought in November 2011. Prior to leaving I had a salary of £32k and my wife had a salary of £22k, we put down a…
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Mortgage Advice please
Here goes, it's a bit of a long story that I'll try to keep short: Have been renting a property for the last 3 1/2 years, since the break up of my marriage. Been really happy here, however the landlady decided she wante to sell, then wasn't going to, then wanted a new 6 month contract signed and 6 months up front (£4,500),…
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Overdraft
Hi All Another question from myself. Could be a stupid one but maybe not. Myself and my misses have an overdraft of £1500 and regualry come in and out of it each month, when we get paid we are fully out of it then we just go back and forth. Is this seen as a negative point when trying for a mortgage? See my other thread…
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Problems contacting mortgage provider
Hi- I am currently experiencing financial problems as a result of having two young children in childcare (almost £800 a month) and only working part time and myself and my husband are finding it difficult to pay our mortgage payments, which will only get harder until our kids are in school. We have an interest only…
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Mortgage advice welcome!
Hi, :D I am stuck in the renting rut - don't earn enough for a mortgage even though the repayments would be less than rent and I cannot save for deposit whist paying out all the rent! I am a single parent working part time with tax credits to top up my wage. I have been left £15,000 from a relative and when I have looked…
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mortgage arrears help
Hi.... I am in arrears currently by 3 months with my mortgage but read on another closed thread that if a person is in arrears, if I capitalise the arrears the 3 marker which references 3 months arrears on my credit file would return to 0. Can this be true? And if so, does it apply to any mortgage provider or just certain…
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voluntary repossessions
hi wondering if you guys can help - i have tried google but no success me and husband split up two years ago and house has been on the market for three years now with no bites and is now at the minimum price it can be to cover mortgage. i have since moved countries (house is in northern ireland) and he has been renting the…
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OK Im Worring my self sick
its that bad i cant sleep, and i have been really ill the last 2 days. well ill start at the begin. after working really hard to sort our credit rating out post iva entred jul 05 completed last year date on cert Nov 11. Took forever to chase the last creditors. we have watched our credit reports and watched our scores go…
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buy to let to new house advice needed please
Hi, I was wondering if anyone could answer some questions for me on the mortgage process. My and my wife currently hold 2 properties, one a flat which we currently rent out and another flat (solely in my name) which is on 75% shared ownership which we live in. We have currently just started the legal process of buying the…
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Confused!
I have a mortgage and unsecured loan with my ex partner we decided to keep our NRAM mortgage until the 5 year fixed was up this was in jan 2012 he stayed in the property and pays the mortgage payment and we share the loan. Anyway to cut a long story short I regularly check my credit report on experian because he went…
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Some advice please
I wondered if you lovely people could help me - I'm starting to think about my living options and having never brought/owned a house I dont know whether i COULD buy a house (You'll see....) Currently I rent a house and have lived here for 3 years with my 2 kids - The rent is costing me £350 a month. I'm quickly reaching my…
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Refused our first mortgage - Shared equity - Help please
As above. Little bit of backround. I am 26 and my partner 22 we are in Scotland Both in full time employment for a long time NO debt at all £14k in our savings We both have a credit card to build our rating making short payments ect I have 2 contract phones never missed a payment Partner has a mail order account and has…
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Mortgage help please.....
Hello everyone... My partner and I are about to apply for a mortgage and have one or two problems that we think we will have to overcome so thought I best come and see if I can get some advice before we start properly!! Baisically a few years ago i was struggling to meet loan payments and eventually the bank told me they…
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Help! Paying for a house i'll never living in again.
Hi all, i started renting my property last year and have been making regular overpayments every month since. I have 11 years left on the mortgage but i intend to sell the house at some point (i think) in the future as it's a house i shared with my ex-partner. Friends and family all tell me not to sell as it's an investment…
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Mortgage Broker - Leeds
Hi, Just wondered if anyone could recommend an independent mortgage broker in Leeds with access to the whole of UK mortgages? Any to avoid too! regards Mark :)
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Advice please - to fix
Hello I'm hoping someone can give me advice / opinions. We have a mortgage of £95000 on 29 yrs remaining, Santander. House prob worth £120,000 (bought for £110,000 including the 5% deposit). When our 5 yr fixed ended we stayed on the svr which is 0.75% above the BOE base rate. This works out at roughly £335 a month. We pay…
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paying off debts how long to change on credit report?
Hi . I wondered if anyone knew how long a paid off loan takes to show on your credit report? my partner and i are applying for a morgage soon , we have obtained our credit reports and checked them and we have also paid off most of our debts prior to the application . we thought we would have a few months before the actual…
